Matson Inc reports results for the quarter ended in September - Earnings Summary

Matson

30/10/2023 21:45

* Matson Inc  MATX.N  reported quarterly adjusted earnings
of
$3.40​​ per share for the quarter ended in September. The mean
expectation of three analysts for the quarter was for earnings
of $3.08 per share.
    * Revenue fell 25.8% to $827.50 million from a year ago;
analysts
expected $712.49 million. 
    * Matson Inc's reported EPS for the quarter was $3.40​.
    * The mean earnings estimate of analysts had risen by
about 56% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Matson Inc shares had risen by 0.5% this quarter and
gained 42.6% so far this year.
    * The company reported quarterly net income of $119.9
million.
    * Wall Street's median 12-month price target for Matson Inc
is
$110.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 09:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      3.08           3.40           Beat
 Jun. 30 2023      1.92           2.26           Beat
 Mar. 31 2023      0.76           0.94           Beat
 Dec. 31 2022      1.96           2.10           Beat